ETF Data updated through Thursday, October 18, 2018 Methodology/Use of this StatSheet: From the universe of over 1,800 ETFs, I have selected only those with a trading volume of over $5 million per day (HV ETFs), so that liquidity and a small bid/ask spread are assured. Trend Tracking Indexes (TTIs) Buy or Sell decisions for Domestic and International ETFs (section …
Resuming The Bearish Trend
[Chart courtesy of MarketWatch.com] Moving the markets There was no rebound in sight anywhere, as the major indexes opened below their respective unchanged lines, headed south and bounced around the day’s lows without ever threatening the downward momentum. The S&P 500 has now lost 9 out of the past 11 trading days and closed today right at its 200-day M/A. …
Dumping And Pumping In The Face Of Weak Data
[Chart courtesy of MarketWatch.com] Moving the markets A sharp early dive pushed the Dow down some 250 points (thanks in part due to IBMs poor earnings report) shortly after the opening with the other major indexes seeing red numbers as well. A slow but steady recovery pulled the indexes back above their respective unchanged lines, but the gains did not …
Corrective Bounce Off The Trend Lines
[Chart courtesy of MarketWatch.com] Moving the markets Forget yesterday’s ugly close, during which the major indexes got stuck below their respective 200-day M/As indicating more pain to come on the downside. Today was a new day, where the bulls ruled for the entire session, as an upbeat earnings mood and some decent economic data (US job openings, industrial production) wiped …
Hovering In No-Man’s Land
[Chart courtesy of MarketWatch.com] Moving the markets Traders were a nervous bunch today after the S&P 500 bounced off the lows last Friday and came to rest right on top of its 200-day M/A, which for many represents the dividing line between bullish and bearish territory. Our Domestic Trend Tracking Index (TTI) already dipped below its own trend line last …
ETFs On The Cutline – Updated Through 10/12/2018
Below, please find the latest High-Volume ETF Cutline report, which shows how far above or below their respective long-term trend lines (39-week SMA) my currently tracked ETFs are positioned. This report covers the HV ETF Master List from Thursday’s StatSheet and includes 366 High Volume ETFs, defined as those with an average daily volume of more than $5 million, of …